Attached Files: ID: 1470173468079147200 Publication Date: Wednesday, August 3, 2016 SYDNEY: Australia’s central bank dropped interest rates to a new record low after a recent run of soft inflation readings, with some economists forecasting further cuts ahead. The 25 basis point cut to 1.5 percent means the Reserve Bank of Australia (RBA) has slashed rates by 300 basis points since November 2011 to support the economy as it transitions toward non-resources growth after a mining investment boom. “The board judged...
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